The prices of main precious metals increased in Azerbaijan on May 10, according to the data published by the Central Bank. The cost of gold increased by 6.698 manats, to 2236.095 manats per troy ounce compared to the price on May 8. The cost of silver increased by 0.1647 manats, to 28.1314 manats per ounce.…Details
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In 2017 VTB increased the number of gold-purchasing contracts with the Zabaykalye region enterprises by 32% YoY. The bank concluded agreements to buy 2.9 tons of gold, or 22% of all gold produced in the region. Last year Zabaykalye region yielded 13.2 tons of gold, up by 10% YoY. (Ukrainian metal)Details
The Belarus Iron and Steel Works has expanded the overall export geography to 118 countries, the company’s press service reported. This year the steel mill BMZ has shipped a batch of rolled steel to Guatemala. In January-April BMZ also offered new kinds of metal products to Denmark and Mali. According to the latest data, in…Details
Domestic enterprises of the aluminum-consuming industries are prepared to increase the volumes of purchases. “For example, the representatives of the cable industry say they can process up to 500 thousand tons of aluminum, up from the current levels of 200-300 thousand tons”, the Aluminum Association chairman Valentin Trischenko said. The small business also has ways…Details
The Ministry of Economic Development has hosted another meeting of the sub-commission on customs-tariff, non-tariff regulation and protective measures in foreign trade of the government commission on economic development and integration. In particular, the issue of US decision to impose special import duties of 25% on ferrous metal and 10% on aluminum was discussed. The…Details
Severstal has completed the scheduled repairs of machinery at the electric steel shops of Cherepovets Iron and Steel Works. “The mine furnace No. 2 saw the main volume of repairs. It has lasted for 6 days, 45 hours less than planned. The repairmen have also reconstructed the ladle furnace No. 2 and the steel vacuum…Details
In April spot trades of imported aluminum in Japan grew on the background of American sanctions against Rusal. Prior to sanctions Japan has been importing some 30 thousand tons of aluminum billets per month. In April spot purchases on CIF totaled 15.5 thousand tons as opposed to 4750 tons in March. Out of this volume…Details
Valentin Makarenko has been appointed the director of the scrap-procuring company Interpipe Vtormet. According to the company press release, his first day in the office was April 28. “Makarenko has been working for Interpipe for 2 years. Previously he has been the commercial director at Interpipe Vtormet”, the report said. His main tasks in the…Details
Zaporizhstal has successfully passed the second audit of the Energy management system for the correspondence with the ISO 50001:2011. The auditors have highly estimated the work of the company in energy resources management. Zaporizhstal has been certified and regularly confirming its compliance with the requirements of the international standards ISO 14001, ISO 9001 and OHSAS…Details
The State Property Fund has included the Novovolynskaya mine No. 10 in the list of enterprises subject to privatization. The mine was included in the list according to the fund order No. 447 dated March 27. In late 2017 the Prime Minister of Ukraine Vladimir Groysman said it was necessary for the state to finish…Details
PJSC ArcelorMittal Kriviy Rih has been awarded with a certificate for implementation of the best energy-efficient and resource-saving technologies that reduce the negative impact on environment. The company got the winner’s certificate during interregional conference, called Green Solutions of Business – Uniting for Sustainable Development, which took place in Dnepr. The Dnipropetrovsk Regional Council, the…Details
In January-April Ukraine exported 1.02 million tons of pig iron, up by 87.7% YoY, valued at $339.95 million, up 2.2-fold. According to the State Fiscal Service, pig iron was mostly exported to the USA (47.66%), Italy (19.33%) and Turkey (10.94%). At the same time in 4 months Ukraine imported 414 thousand tons of pig iron…Details
In April, according to the railroad statistics, direct deliveries of ferrous scrap to the major metal companies and pipe works totaled 1.11 million tons, up by 38.6% MoM and by 9.3% YoY. In March the results were +26.3% and –8.2%, while in February +4.6% and –23.1% respectively. In January-April scrap deliveries reached 3.16 million tons,…Details